Can I retire at age 72 with 14,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,113,750
2 years$588,682$577,719$567,093$556,791$546,798$512,304
3 years$388,557$377,546$366,947$356,741$346,911$313,531
4 years$288,513$277,536$267,043$257,012$247,420$215,410
5 years$228,503$217,592$207,237$197,410$188,085$157,531
6 years$188,509$177,680$167,478$157,870$148,825$119,755
7 years$159,953$149,215$139,175$129,794$121,035$93,448
8 years$138,546$127,905$118,031$108,881$100,410$74,288
9 years$121,905$111,364$101,660$92,742$84,560$59,876
10 years$108,600$98,162$88,630$79,945$72,049$48,769
11 years$97,721$87,388$78,028$69,576$61,965$40,047
12 years$88,662$78,435$69,248$61,027$53,697$33,098
13 years$81,002$70,882$61,869$53,878$46,825$27,496
14 years$74,442$64,430$55,589$47,827$41,047$22,939
15 years$68,762$58,858$50,190$42,653$36,141$19,202
16 years$63,797$54,001$45,504$38,191$31,941$16,119
17 years$59,421$49,733$41,407$34,315$28,321$13,563
18 years$55,535$45,955$37,799$30,924$25,182$11,434
19 years$52,063$42,591$34,603$27,943$22,445$9,655
20 years$48,941$39,578$31,757$25,308$20,048$8,164
21 years$46,120$36,865$29,211$22,968$17,941$6,911
22 years$43,560$34,412$26,922$20,883$16,082$5,856
23 years$41,225$32,185$24,858$19,019$14,436$4,965
24 years$39,088$30,155$22,989$17,346$12,975$4,214
25 years$37,125$28,299$21,293$15,842$11,676$3,577
26 years$35,316$26,597$19,748$14,485$10,517$3,039
27 years$33,644$25,031$18,338$13,258$9,482$2,583
28 years$32,094$23,586$17,047$12,147$8,556$2,195
29 years$30,654$22,251$15,864$11,139$7,726$1,867
30 years$29,312$21,014$14,777$10,223$6,981$1,588
31 years$28,059$19,865$13,776$9,389$6,311$1,351
32 years$26,887$18,796$12,853$8,629$5,709$1,150
33 years$25,788$17,800$12,001$7,935$5,167$978
34 years$24,756$16,871$11,213$7,301$4,678$833
35 years$23,785$16,002$10,483$6,721$4,237$709
36 years$22,871$15,188$9,807$6,190$3,839$603
37 years$22,007$14,425$9,179$5,703$3,479$514
38 years$21,191$13,709$8,596$5,257$3,154$437
39 years$20,419$13,036$8,053$4,847$2,860$372
40 years$19,687$12,402$7,548$4,471$2,594$317
41 years$18,993$11,806$7,078$4,125$2,354$270
42 years$18,333$11,244$6,639$3,807$2,136$230
43 years$17,706$10,713$6,230$3,514$1,938$196
44 years$17,109$10,212$5,848$3,245$1,759$167
45 years$16,540$9,738$5,491$2,996$1,597$142
46 years$15,998$9,289$5,157$2,768$1,450$121
47 years$15,480$8,865$4,845$2,557$1,317$103
48 years$14,985$8,463$4,553$2,363$1,196$88
49 years$14,512$8,081$4,280$2,184$1,086$75
50 years$14,059$7,720$4,024$2,018$987$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,400,000, adding $4,821 every year, while hoping to spend $20,965 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 22/50/28 Blend
71$14,400,000$14,400,000$14,400,000$14,400,000
72$15,873,773$15,110,573$14,887,373$16,081,761
73$17,470,591$15,828,684$15,363,793$16,984,946
74$19,229,582$16,581,281$15,855,471$17,948,454
75$21,167,265$17,370,029$16,362,895$18,978,804
76$23,301,845$18,196,679$16,886,571$20,081,472
77$25,653,380$19,063,064$17,427,018$21,262,435
78$28,243,977$19,971,105$17,984,775$22,528,216
79$31,097,993$20,922,821$18,560,396$23,885,938
80$34,242,274$21,920,324$19,154,454$25,343,383
81$37,706,397$22,965,831$19,767,540$26,909,058
82$41,522,961$24,061,668$20,400,264$28,592,261
83$45,727,885$25,210,272$21,053,255$30,403,160
84$50,360,754$26,414,200$21,727,163$32,352,883
85$55,465,187$27,676,132$22,422,659$34,453,603
86$61,089,252$28,998,878$23,140,434$36,718,649
87$67,285,921$30,385,388$23,881,204$39,162,617
88$74,113,565$31,838,752$24,645,704$41,801,493
89$81,636,509$33,362,212$25,434,696$44,652,792
90$89,925,641$34,959,168$26,248,966$47,735,710
91$99,059,072$36,633,184$27,089,323$51,071,290
92$109,122,887$38,387,998$27,956,604$54,682,605
93$120,211,943$40,227,532$28,851,672$58,594,957
94$132,430,777$42,155,897$29,775,418$62,836,106
95$145,894,583$44,177,404$30,728,763$67,436,506
96$160,730,309$46,296,574$31,712,654$72,429,581
97$177,077,844$48,518,150$32,728,071$77,852,016
98$195,091,348$50,847,103$33,776,026$83,744,086
99$214,940,704$53,288,650$34,857,562$90,150,016
100$236,813,121$55,848,259$35,973,755$97,118,373